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$1.75M
$298,898
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,800,000
Medium
$1,600,000
Low
$1,400,000
Confidence
Medium
This well-presented 176.6-acre grazing property in Glenrowan is a rare opportunity, being offered for the first time in 32 years. With its proximity to Wangaratta and Benalla and only 3 km from the Hume Freeway, it's both beautiful and conveniently located. The property showcases a five-bedroom plus study homestead with expansive living areas, quality refurbishments, and modern comforts like air conditioning and a solid fuel heater. Set amidst a picturesque landscape of Sydney blue gums and verdant grazing land, it offers ample water resources, productive cattle grazing, and extensive farm improvements, including sheds and steel cattle yards.
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
No data available
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
93.2%
-
-
Unlock Property Investment Scores
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Try Picki for FREE-$20,000
-$44,062
2.6%
Asking Price
$1,750,000
Estimated Purchase Price
$1,620,000
Stamp Duty
$89,100
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$162,000
Reg. Mortgage
$129
LMI Premium
$50,690
Renovation Costs
-
Total Cash/Equity Required
$307,281
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,850
$2,414
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$33,282
$47,977
Interest Repayments
$96,228
$96,228
Net Cashflow Before Tax
-$62,946
-$48,251
Depreciation
-
-
Tax Offset
-$18,884
-$14,475
Net Cashflow After Tax
-$44,062
-$33,776
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,708,800
$3,089,104
Loan Balance
I.O
$1,458,000
$1,458,000
$250,800
$1,631,104
